Skip to main content

Shopping Strip

Oakbrook Shopping Center

311 E County Line Rd, Littleton, CO 80122

Listing Price: $7,800,000

Cap Rate
7.06%
Gross SF
30,446
Rentable SF
30,446
Price/Gross SF
$256.19
Lot Size
4.27 acres
Year Built
1984

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a 30,446 strip shopping center in Littleton, CO.

Investment Highlights

  • Offered Below Replacement Cost at $256/SF
  • Upside opportunity to increase rents over hold period, current average in-place rents are $18.07/SF
  • In centers over 20K SF and built prior to 2000 within a five-mile radius the average asking rent is $25.21/SF
  • Just two of fifteen tenants have options to renew, both of these tenant's options are at fair market value
  • Thirteen of fifteen tenants occupy spaces below 3,000 SF. The average unit size of these tenants is 1,567 SF
  • Nine of fifteen tenants have scheduled annual rent increases which results in an 8.51% increase in Scheduled Leased Income during the first three years of ownership

Exclusively Listed By

Shopping Strip

Oakbrook Shopping Center

Listing Price: $7,800,000

Cap Rate
7.06%
Gross SF
30,446
Rentable SF
30,446
Price/Gross SF
$256.19
Lot Size
4.27 acres
Year Built
1984

Investment Highlights

  • Offered Below Replacement Cost at $256/SF
  • Upside opportunity to increase rents over hold period, current average in-place rents are $18.07/SF
  • In centers over 20K SF and built prior to 2000 within a five-mile radius the average asking rent is $25.21/SF
  • Just two of fifteen tenants have options to renew, both of these tenant's options are at fair market value
  • Thirteen of fifteen tenants occupy spaces below 3,000 SF. The average unit size of these tenants is 1,567 SF
  • Nine of fifteen tenants have scheduled annual rent increases which results in an 8.51% increase in Scheduled Leased Income during the first three years of ownership

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a 30,446 strip shopping center in Littleton, CO.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower